Course
Fundamental Of Crude Oil and Petroleum Price Mechanism
Led by Salem Zeglam · Expert Oil & Gas Trainer
Dates coming soon
$3,400.00
per seat
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About this program
This highly interactive and intensive crude oil & petroleum products and pricing mechanism course will provide the attendees with a comprehensive understanding and knowledge base of the international physical oil trading business from the perspective of both the trader and the supply analyst.
Overview
This highly interactive and intensive crude oil & petroleum products and pricing mechanism course will provide the attendees with a comprehensive understanding and knowledge base of the international physical oil trading business from the perspective of both the trader and the supply analyst.
Learning Outcomes
- Learn the fundamentals of global energy market and economics
- Understand the essentials of trading and oil evaluation and selection process
- Learn the tools used in refining process and planning
- Learn the methodologies of risk management, logistics and operations in more depth
The course is suitable for:
- Oil company Personnel and Managers
- Analysts
- Management Accountants
- Marketers and operators
Curriculum
Day 1
- Session 1: Global Energy Markets
- Global fundamentals
- Economic Outlook
- Supply & Demand balances
Day 2
- Session 1: Essentials of Trading
- Market Structure
- Term & Spot Contracts
- Trading Position (LONG/ SHORT)
- Session 2: Crude Oil Evaluation & Selection
- Characteristics of crude Oil
- Evaluation of crude oil
- GPW Calculation
Day 3
- Session 1: Refining
- Overview
- Factors influencing the margin
- Margin Optimization
- Refining Processes
- Planning & Scheduling
- Session 2: Shipping & Freight
- Charter party
- Freight calculations
- Freight trading
Day 4
- Session 1: Operations & Logistics
- Overview of operations
- Oil Movement & Logistics
- Laytime & demurrage
- Session 2: Oil Trading- Physical
- Physical Oil markets & Pricing
- Arbitrage Trading
- Pricing Mechanism
- Pricing- Crude/ Product/ LNG
Day 5
- Session 1: Risk Management
- Measurement of Risk
- Hedging
- Freight Risk Management
- Refinery margin Management
InstructorSalem ZeglamExpert Oil & Gas Trainer
S. M. Zeglam: Over 45 years of technical and managerial experience in petroleum engineering, reservoir engineering/management, production operation, property evaluation and planning in major oil & gas companies. Developed and presented petroleum related courses throughout Europe, Asia, North Africa and the Middle East.